ExxonMobil Asset Freeze Claim Should Be Smaller

PDVSA lawyers also said ExxonMobil has no arguable case because in order to bring the case forward under U.K. jurisdiction, the oil company has to prove it is an issue of urgency. PdVSA argued that it is not an urgent issue as PdVSA doesn't plan to dispose of its assets, and therefore the means by which to potentially compensate ExxonMobil, before arbitration can be settled.